New Delhi. The final date for submitting Earnings Tax Return i.e. ITR (Earnings Tax Returns) for the evaluation yr 2021-22 is 31 December 2021. On the identical time, the Earnings Tax Division stated on Sunday that for the monetary yr 2020-21 until December 25, greater than 4.43 crore Earnings Tax Returns ie ITR (Earnings Tax Returns) have been filed. It additionally contains greater than 11.68 lakh ITRs filed on December 25.
After December 31, you might have to pay a effective of Rs 5,000
Submitting the return after the date given by the federal government can appeal to a effective of Rs 5,000. It’s talked about in part 234F of Earnings Tax. Nevertheless, if the earnings of the taxpayer is inside Rs 5 lakh, then the rule is to pay Rs 1,000 as late effective. The quantity of effective will enhance on incomes greater than 5 lakhs.
The way to File ITR
If you wish to file your tax return by visiting the e-filing portal, then you may take the assistance of those steps-
To begin with go to the e-filing portal incometax.gov.in and click on on the Login button.
Now you need to enter your username and click on on Proceed button.
Now you need to enter your password.
Now click on on e-file tab and click on on File Earnings Tax Return choice.
Choose the evaluation yr 2021-22 after which click on on proceed choice.
Then you can be requested to pick out the choice ‘On-line’ or ‘Offline’.
Choose On-line choice and click on on Proceed tab.
Now choose the ‘Private’ choice.
Particular person, Hindu Undivided Household (HUF) or different.
– Click on on Proceed.
Choose both ITR-1 or ITR-4 and click on on Proceed tab.
The explanation for the return shall be requested beneath the seventh provision beneath part 139(1) or above the exemption restrict.
Choose the right choice whereas submitting ITR on-line.
Enter your checking account particulars.
Now a brand new web page shall be despatched to file ITR.
Confirm your ITR and ship a tough copy of the return to the Earnings Tax Division.